GILBERT, AZ –Nick Miner, CCIM of ORION Investment Real Estate, reports selling a 4,200-square-foot retail building on the southeast corner of McQueen Road and Elliot Road in Gilbert for $1,400,000 or $333 per square foot. Miner represented the Buyer in the transaction, 51 S McQueen, LLC, who Miner has been working with since late 2018.
Located in the master planned development of Oasis at the Islands, the property benefits from a high income trade area and several new developments in the immediate area such as the expansion of Northrup Grumman and Gilbert Spectrum Industrial Park.
The tenant, Tacos Tijuana, has 6 locations in the valley with plans of additional expansion.
Nick Miner, CCIM, Senior Vice President at ORION commented, “This property was never officially on the market. The seller had just decided to sell the property when I was talking to Bobby and he told me about it.” Miner continued, “My client had been looking a long time for a good property with a good tenant in a good location. This property checked all the boxes for him.”
Seller, CR Turnbull Investments, was represented by Bobby Raines at Americor.